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StatuteCorporations Act 2001

Section 993C — Corporations Act 2001: Offence of failing to comply with requirements relating to client money account

Text of the provision Official document

Strict liability offence (1) A financial services licensee commits an offence if the licensee contravenes a requirement in regulations made for the purposes of section 981C. (2) An offence based on subsection (1) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. Ordinary offence (3) A financial services licensee commits an offence if: (a) a requirement in regulations made for the purposes of section 981C applies to the licensee; and (b) the licensee contravenes the requirement.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.